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High CorrelationLow Correlation

24 Stocks and 76 ETFs for diversifying EVNT (ALTSHARES EVENT-DRIVEN ETF)

The least correlated asset to EVNT (ALTSHARES EVENT-DRIVEN ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with EVNT

SymbolName
Market cap
SectorIndustry
Correlation
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.66
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.65
GLIBAGCI Liberty Inc - Class A$926MCommunication ServicesTelecom Services-0.57
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.57
RAAQReal Asset Acquisition Corp - Class A$196MFinancial ServicesShell Companies-0.56
DFSCDEFSEC Technologies Inc Com$8.73MIndustrialsAerospace & Defense-0.54
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.50
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.50
IPCXInflection Point Acquisition Corp III - Class A$261MFinancial ServicesShell Companies-0.47
HMRSports Properties Acquisition Corp$73MIndustrialsMarine Shipping-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.46
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.46
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.45
NCEWNew Century Logistics (BVI) Ltd$58MIndustrialsIntegrated Freight & Logistics-0.43
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.43
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$10MFinancial ServicesShell Companies-0.39
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.39
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.39
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.38
HPLTUHome Plate Acquisition Corp - Units (1 Ord Class A & 1/2 War)$79MN/AN/A-0.36
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.35
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.34
JLHLJulong Holding Ltd - Class A$457MIndustrialsBuilding Products & Equipment-0.34
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.34

ETFs that lowly correlated with EVNT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.73
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.71
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.69
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.68
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.68
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.67
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.67
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.66
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.66
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.66
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.66
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.65
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.65
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.65
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.64
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.64
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.64
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.63
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.63
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.63
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.63
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.62
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.62
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.60
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.58
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.57
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.57
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.55
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.55
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.53
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.53
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.53
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.52
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.51
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.51
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.50
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.50
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.49
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.49
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.49
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.49
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.48
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.48
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.47
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.47
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.45
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.44
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.44
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.43
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.42
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.42
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.42
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3MN/AJun 16, 2009-0.42
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.42
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.40
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.39
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.39
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.39
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.39
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.39
TSLSDirexion Daily TSLA Bear 1X Shares$76M0.95%Aug 8, 2022-0.39
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.39
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.38
QBProShares Nasdaq100 Dynamic Buffer ETF$1.40M0.58%Jun 24, 2025-0.38
BRKUDIREXION DAILY BRKB BULL 2X SHARES $58MN/ADec 10, 2024-0.37
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.37
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.36
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.35
CSCLDirexion Daily CSCO Bull 2X ETF$5MN/AJun 24, 2025-0.35
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.35
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $16M0.96%Aug 8, 2022-0.35
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.34